15 Best NASDAQ 100 Stocks to Buy Other Than SpaceX

9. Lam Research Corporation (NASDAQ:LRCX)

On July 6, 2026, Morgan Stanley analyst Shane Brett raised the firm’s price target on Lam Research Corporation (NASDAQ:LRCX) to $404 from $331 and kept an Overweight rating on the shares.

On June 30, Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Lam Research to $475 from $385 and kept a Positive rating on the shares. Hosseini updated the firm’s model following channel checks, suggesting an upward revision to SCE backlog now extending beyond one year, with WFE expected to reach as high as $300B. Susquehanna is raising its estimates for 2026 and 2027 and introducing 2028 projections based on WFE of $250B.

On June 29, Cantor Fitzgerald raised the firm’s price target on Lam Research to $500 from $425 and kept an Overweight rating on the shares. Cantor Fitzgerald said the AI infrastructure buildout is viewed as a generational semiconductor cycle, with industry revenue expansion expected to reach roughly $3T by CY29 and potentially exceed $3.5T by CY30.

Lam Research Corporation (NASDAQ:LRCX) designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe.